Serious Fraud and Current Issues

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Fraud is big business and it rots the fabric of finance and accountancy, as it is exercised by all day trading of bonds, junk bonds, loans. Twenty-five years ago, fraud was said to be rapidly expanding and manifests itself by shady deals, fraudulently converted cash. Fraudsters who are active, especially electronic fraud, do in fact treat the use of fraud as serious qbusinessq and the execution of frauds as qworkq, much as other criminals treat their activities as their qjobq! Identity theft poses a frightening thought of being taken in by crooks. If twenty-five years ago it was estimated that the amount of fraudulent cash around the world at any one time more than equaled the Gross National Products of several third-world countries, it would not be believed-a damning indictment indeed. In this fascinating and comprehensive study on Fraud the author takes advantage of the fact that people seem thrilled to hear about frauds, like murders. She has prepared works that will use the readers' attention to discuss law enforcement and the consequences of breaking the law by committing frauds.aFraudulent misappropriation of fundsa is charged under the Proceeds of Crime
Act 2002. 8. aEngaging in a course of conduct which creates a false or misleading
impression as to market or price or value of investmentsa is charged as being
contrary to section 47(2) of the Financial Services Act. 9. Cheque and credit card
frauds are offences under the Theft Act 1968, section 15.(obtaining property by
cheque or credit card fraud); Theft Act 1968, section 16 (obtaining pecuniary
advantageanbsp;...

Title

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Serious Fraud and Current Issues

Author

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Sally Ramage

Publisher

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iUniverse - 2005

ISBN-13

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